Sure, you don’t want to change your sequence settings and squeeze your footage on the editing stage. This will require computer resources just to display it, so it’s good to edit it as it is and then change it on export.
I always export to an uncompressed AVI. It’s faster and it doesn’t require the computer resources of renderign/encoding. But that’s because I apply color modifications to the footage. Always give yourself time to test your workflow and keep with the process that works for you.
I hope this helps